Frauds

  • Indian American from Chicago indicted in visa fraud 3 hours 37 minutes ago

    Washington: A 30-year-old Indian American businessmen has been indicted on charges for exploiting a US visa program to fraudulently raise approximately $160 million from nearly 290 Chinese nationals who invested in the project while seeking US residency. Chicago-based Anshoo Sethi, who purported to be building a $912 million hotel and convention...
  • IMF's Christine Lagarde put under investigation in French fraud case 13 hours 21 minutes ago

    Paris: IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. Lagarde was questioned by magistrates in Paris this week for a fourth time under her existing status as a witness in...
  • PACL to move Tribunal against Sebi order 5 days ago

    New Delhi: Facing a Sebi order with charges of running an illicit money pooling scheme worth about Rs 50,000 crore, PACL Ltd on Friday said it will approach the Securities Appellate Tribunal against the directive of the capital markets regulator. "Sebi has unfortunately failed to recognize the submissions of the company...
  • Sebi cracks down on Rs 50,000 crore money-pooling scheme 5 days ago

    New Delhi: In its biggest-ever crackdown on a large-scale illicit money pooling scheme estimated at nearly Rs 50,000 crore, regulator Sebi on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Ltd and refund of investors' money within three months. Besides, the capital markets regulator also said it...
  • Syndicate Bank case: Court orders proclamation proceedings 5 days ago

    New Delhi: A special CBI court on Friday ordered issuance of process for the presence in court of alleged middleman Purushotam Totlani, who is evading arrest in connection with the Syndicate bank bribery case. Special CBI Judge Swarana Kanta Sharma observed that the accused was "concealing himself" and despite issuance of...
  • Afghan election resolution inches forward with audit deal July 31, 2014

    Kabul: Afghanistan's floundering attempts to declare a winner of its presidential election inched forward on Thursday with a deal allowing an audit of all votes to restart, but the United Nations warned of the risk of further delays. Alleged fraud during the June 14 election has plunged the country into a...
  • 7 officials suspended for fault in construction of apartment July 24, 2014

    Seven officials, including an IAS officer, has been suspended for alleged faults in the construction of an apartment at Gomtinagar in Lucknow during the previous BSP regime. "On the directives of the Chief Minister, seven officers posted in the Lucknow Development Authority (LDA) at the time of the construction of River...
  • Kannada starlet honey traps a doctor, demands Rs 1 crore, police bust racket July 4, 2014

    Bangalore: This incident has all the ingredients of a masala movie. A struggling actress and her friends with a 'criminal' background come together to extort money from the rich people after honey trapping them. The actress, who has acted in several Kannada and Tamil movies, seduces a rich doctor, they...
  • Kerala: Woman arrested for duping on pretext of IPL selection trials June 16, 2014

    Kochi: A 43-year-old woman has been arrested for fraud after she allegedly conducted selection trials for boys by falsely promising them IPL berths. Nazarath Shahabuddhin from Thiruvananthapuram was arrested by Aluva police following complaints from the boys' parents and remanded in judicial custody, police said on Monday. ...
  • One arrested for cheating people by posing as a government official June 14, 2014

    A person, who allegedly used to cheat people by posing as a government official, was on Friday arrested after he called a senior police official posing as an officer posted at chief minister's residence and asked for police enforcement. Amin alias Chhanga called the office of Superintendent of Police on June...
  • Former Bank Manager, Assistant arrested for Rs 34 crore fraud June 3, 2014

    A former South Indian Bank manager and his assistant have been arrested for their alleged involvement in a Rs 34 crore fraud case two years ago. Uttarakhand Police and sleuths of Special Task Force, led by Senior Superintendent of Police DC Dhondiyal, arrested former SIB Manager Manoj Kumar Aar from Tamil...
  • Police arrest former bank manager, assistant for Rs 34 crore fraud June 3, 2014

    A former South Indian Bank manager and his assistant have been arrested for their alleged involvement in a Rs 34 crore fraud case two years ago. Uttarakhand Police and sleuths of Special Task Force, led by Senior Superintendent of Police DC Dhondiyal, arrested former SIB Manager Manoj Kumar Aar from Tamil...
  • Former Oriental Bank executives booked for fraud May 20, 2014

    A case of fraud was registered on Tuesday against three persons, including former senior executives of the Oriental Bank of Commerce (OBC) in Jodhpur, for allegedly trying to cause a loss of about Rs 3.80 crore to the bank. CBI officials said that a case has been registered against Rakesh Kumar...
  • Two booked for allegedly duping tour operator of Rs 1.8 lakh May 20, 2014

    A case was registered against two office-bearers of a Delhi-based travel agency for allegedly duping another tour operator to the tune of Rs 1.8 lakh, police said on Monday. The case was registered at Pardeshipura police station in Indore against the owner of Delhi-based Amazing Super Travels Time Ltd, Abhishek Rathi...
  • Setback for Sahara chief, SC refuses to put him in house arrest May 19, 2014

    New Delhi: The Supreme Court on Monday rejected Sahara Group chief Subrata Roy's bail plea, refusing to convert his custody into house arrest. The apex court asked Sahara to come out with a concrete proposal to refund the money of crores of investors from whom the company allegedly illegally raised...
  • Two arrested in alleged ATM card fraud case May 13, 2014

    Two persons, allegedly the members of an inter-state gang which withdraws money online wrongfully from other people's account have been arrested, police said on Monday. Taking cognisance of several complaints during last three months, district police has formed a task force headed by Additional SP (Operation) to look into the cases,...
  • 3 Indians convicted for role in $15 million medicare fraud in US May 1, 2014

    New York: Three Indian medical professionals have been convicted by a federal jury for their participation in a nearly $15 million medicare fraud scheme in the US. Physical therapist Shahzad Mirza, 43, physical therapy assistant Jigar Patel, 30, and foreign medical school graduate without a license to practice medicine Srinivas Reddy,...
  • Bhopal: Doctors keep dead woman on the ventilator for a week, booked April 26, 2014

    Bhopal: In a shocking incident in Bhopal, four doctors of a private hospital have been booked for allegedly keeping a dead person on the ventilator for a week. A case of cheating for monetary gain has been registered. The deceased's family had filed a complaint alleging that the hospital kept...
  • Kerala: Accused in a get-rich-quick scheme surrenders April 21, 2014

    Thiruvananthapuram: Sabarinath, the main accused in the 'Total 4 u' financial fraud has surrendered at a magistrate court in Thiruvananthapuram after absconding for about three years. The case that dates back to 2008 was that he had cheated about 1,000 investors to the tune of Rs 200 crore. He had wooed...
  • SC panel report hints at gold pilferage in Padmanabhaswamy temple April 19, 2014

    New Delhi: Sri Ananthapadmanabha Swamy Temple in Thiruvananthapuram which has gold worth over Rs 1 lakh crore is in the news again. The Supreme Court appointed Amicus Curie and former Solicitor General of India Gopal Subramanian has made some startling revelations in his report to the Apex court. According his...
  • US: Indian physician arrested on health care fraud charges April 19, 2014

    New York: A 61-year-old Indian physician has been arrested on health care fraud charges and faces life imprisonment for illegally distributing opioid pain medication that resulted in the deaths of two patients in the US. Pawan Kumar Jain of New Mexico was arrested yesterday by the officials from the Drug Enforcement...
  • Double blow for Jaya, Chennai and Bangalore courts demand her appearance April 3, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa has suffered two legal blows on Thursday. The additional chief metropolitan court in Chennai has dismissed the petition filed by the CM seeking her exemption from appearing in court. The case relates to the non-filing of IT returns from 1991 to 1994. The court has...
  • Tamil Nadu CM Jayalalithaa skips court appearance in tax fraud case April 3, 2014

    Chennai: Tamil Nadu Chief Minister J Jayalalithaa who is facing a trial in an income tax related case, skipped the court appearance on Thursday. The AIADMK chief has also filed a petition seeking exemption from personal appearance in the case, which the Bangalore and Egmore courts rejected. Both the courts demanded...
  • Olympian archer Limba Ram duped of Rs 5 lakh, his Padma Shri certificate by student March 27, 2014

    Olympian archer Limba Ram was allegedly duped of Rs 5 lakh by his student who also took away his Padma Shri certificate in the name of opening an archery academy in Hanumangarh. Limba, who is now sports officer in Dungarpur district, lodged an FIR against the accused Praveen Sharma with Jyoti Nagar police station in Jaipur...
  • Cobrapost sting reveals Aadhaar documents forged for non-Indians March 25, 2014

    A Cobrapost sting operation has caught several Aadhar (UIDAI) project officers off guard. The officers have been caught on camera offering to forge documents. The expose shows how citizens of Nepal and Bangladesh are offered Aadhaar cards without identity proof. The sting reveals that even MLAs and gazetted officers sign...
  • Man duped of $70,000 on OkCupid.com sues the dating site March 23, 2014

    New Delhi: User of an online dating site, OkCupid.com, has filed a lawsuit against the site after a man he met on the site duped him of over $70,000. According to the complainant, the website is to be held responsible for failing to effectively screen members and communicate the risks...
  • MEA disappointed with Devyani Khobragade's re-indictment March 15, 2014

    New Delhi: The Ministry of External Affairs has expressed disappointment at the re-indictment of Indian diplomat Devyani Khobragade in the US visa fraud case. The MEA also said that this was an unnecessary action. Khobragade's father too has slammed the action saying it is a result of aggression. "The act is...
  • Devyani's re-indictment an act of aggression, says her father March 15, 2014

    In a major setback to Indian diplomat Devyani Khobragade, an arrest warrant has been issued against her in the US after she was re-indicted in the US visa fraud case. Devyani Khobragade's father, Uttam Khobragade said that this is a clear act of aggression and looks like it was deliberately...
  • Diplomat Devyani Khobragade re-indicted, arrest warrant issued March 15, 2014

    New York: In a major setback to Indian diplomat Devyani Khobragade, an arrest warrant has been issued against her in the US after she was re-indicted in the US visa fraud case. The new indictment that was filed in a federal court in Manhattan has charged Khobragade for the submission...
  • Khobragade re-indicted in US visa fraud case March 15, 2014

    Indian diplomat Devyani Khobragade, whose arrest and stripsearch soured Indo-US relations, was on Friday re-indicted on US visa fraud charges, a day after a US court dismissed an earlier indictment. In fresh trouble for Khobragade, federal prosecutors re-indicted the Indian diplomat on charges of visa fraud and making false statements about...